Also included in that raft of tax measures is the Stamp Duties Amendment bill.
Here's how the Leader of Government Business outlined it:
Eamon Courtenay, Leader of Gov't Business
"And on the stamp duty, Madam President, it is to relieve certain instruments from stamp duty, again, primarily, transactions of below 100,000. And secondly, to ensure that where there are sales in relation to condos, that those also are subject to stamp duty, because what well, one of the great mischiefs is that they can be they seem to be exempt from stamp duty even though they're in the hundreds of thousands. Yet someone who is buying a lot for ten or 15,000 or 20,000 to be more accurate, is subject to stamp duty. So we are seeking to clear that up and to ensure that those who have that type of property pay their stamp duty."
Other tax based legislation passed by the senate today include the Tax Administration and Procedure (Amendment) Bill, 2024; the General Sales Tax (Amendment) Bill, 2024; the Business Names (Amendment) Bill, 2024; and the Designated Processing Areas (Amendment) Bill, 2024.
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